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Reporting principles

Neste Oil is committed to the principles of the AA1000APS (2008) standard covering inclusivity, materiality, and responsiveness. The 2013 Sustainability Report is the fifth to have been compiled in accordance with the G3 guidelines (version 3.0) of the Global Reporting Initiative (GRI). An independent third party has assured the sustainability information.

Neste Oil’s 2012 combined Annual Report and Sustainability Report was published online on 6 March 2013. The 2013 Annual Report and Sustainability Report will also be published online. 

Reporting principles and guidelines

Neste Oil is committed to the principles of the AA1000 AccountAbility Principles Standard (2008) standard covering inclusivity, materiality, and responsiveness. The Sustainability Report is compiled in applying the G3 guidelines (version 3.0) of the Global Reporting Initiative (GRI).

Neste Oil’s financial reporting complies with international IFRS accounting requirements, while corporate governance reporting complies with relevant national legislation and the Finnish Corporate Governance Code covering listed companies. The presentation of environmental costs and liabilities is based on Finnish accounting legislation.Financial indicator data is based on audited figures. Personnel figures are calculated in accordance with the Finnish Accounting Board's general guidelines for annual reports. CONCAWE principles are used in calculating safety-related injury frequency figures.

Changes in previously reported figures and accounting principles are shown alongside the corresponding key figures. Definitions of the indicators reported, together with the calculation principles and formulas used, are presented in the Principles for calculating key indicators

Reporting scope

The reporting period covered in the Sustainability Report is the same as that followed in the Annual Report: 1 January – 31 December 2013.

Safety and environmental reporting for 2013 covers all the refineries owned by Neste Oil in Finland and overseas in which the company has a greater than 50% holding. Reporting on safety and environmental matters also covers all of Neste Oil’s terminals, the company’s fleet (both Neste Oil’s own vessels and its time-chartered tonnage), its offices, and the country companies responsible for Oil Retail operations. Neste Oil does not report environmental data for locations where it occupies only part of an office building; these locations include Neste Oil’s offices in Houston, Toronto, and Oulu. Reporting on safety matters also covers service providers, contractors, and the road and marine transportation of Neste Oil’s products and feedstocks. In all other respects, reporting covers all aspects of Neste Oil Corporation’s activities and those of companies in which Neste Oil has a greater than 50% holding. No changes in the scope of reporting took place during 2013 compared to 2012.

In addition to the corporate Sustainability Report, the Porvoo and Naantali refineries publish regular newsletters for residents in the surrounding areas covering the local impact of Neste Oil’s operations. These newsletters can also be read online, in Finnish, at Neste Oil’s web site.

Reporting tools and practices

Neste Oil collects data on environmental and safety indicators using a HSEQ reporting tool that supports Neste Oil's monthly reporting and annual GRI G3 reporting. Personnel data is sourced from Neste Oil’s HR systems. Neste Oil also continues to use various other reporting tools for collecting the data needed for its sustainability reporting. 


An independent third party, PricewaterhouseCoopers Oy, has assured Neste Oil’s Finnish-language sustainability information and checked congruence between the Finnish and English versions. PricewaterhouseCoopers has also checked that Neste Oil's reporting meets GRI’s Application Level B+ requirements.

Read the assurance report here.